Introduction to Economics
Prerequisites: MATH 0203 or adequate math placement test score and ENGL 0203 or adequate placement score, or by meeting determined measures.
This course is an introduction to the fundamental framework economists use to analyze problems. Students will explore the principles by which decisions are made by consumers, businesses and the government. Upon completion of this course will be able to relate the principles of economics to solve everyday problems. Topics covered include scarcity, choice and opportunity cost; demand, supply, market efficiency and structure; consumer utility theory, inflation, unemployment and the effects of government policy and intervention.This course will not substitute for ECON 2113 or 2123. Credit toward graduation will not apply for business majors if ECON 1013 is taken instead of ECON 2113 or 2123.
General Education requirement